MAKEEN – The Saudi Engine Manufacturing Company

Partners:

• Dussur
• Saudi Aramco
• Hyundai Heavy Industries (HHI)

Dussur, Saudi Aramco Development Company (Mukamala) and Hyundai Heavy Industries (HHI) signed a joint venture agreement in July 2019 to establish the first marine engine manufacturing facility (Makeen) in the MENA region. Mukamala is set to own 55% of its shares, Dussur will own 15%, and HHI (through Korea Shipbuilding & Offshore Engineering) will own 30%. (Makeen) was incorporated in November 2020, and initial equity was injected in early 2021. Once fully operational (Makeen) will create over 720 jobs, facilitating the transfer of technical knowledge and industry knowhow to Saudi Arabia. The company will manufacture 2-stroke and 4-stroke marine and electric power plant (EPP) engines, as well as marine pumps that power vessels, auxiliary equipment, generators, and propulsion systems. The engines manufactured will also be used in commercial vessels propulsion, electrical power generation, cargo oil pumps, and offshore rig pumps. Located at Ras AlKhair in the Kingdom’s Eastern Province, the manufacturing facility will benefit from the Kingdom’s strategic geographic location at the crossroads of important international trade routes between three continents. (Makeen) is another step to cement the Kingdom’s position as a unique regional logistical hub for global seaborn trade. It is planned that the commercial operation will begin place in the first quarter of the year 2025.